Board/Management Information • Feb 11, 2015
Board/Management Information
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Corporate | 11 February 2015 14:41
SMA Solar Technology AG: SMA Solar Technology AG Downsizes Managing Board
SMA Solar Technology AG / Key word(s): Change of Personnel
2015-02-11 / 14:41
SMA Solar Technology AG – Corporate News
SMA Solar Technology AG Downsizes Managing Board
Niestetal, February 11, 2015-The Supervisory Board of SMA Solar Technology AG (SMA/FWB: S92) is reducing the number of Managing Board members in the course of the company’s transformation. Lydia Sommer will leave the SMA Managing Board on February 28, 2015. She has been in charge of Finance, Legal and Compliance at SMA since November 2012. In May 2013, she also assumed responsibility for Information Technology (IT) and Human Resources in her capacity as Labor Director. SMA Chief Executive Officer Pierre-Pascal Urbon will also take over responsibility for Finance, Legal and Compliance as Chief Financial Officer (CFO), in addition to Strategy. Roland Grebe, formerly Board Member for Technical Innovation, will be in charge of Human Resources and IT and will become the new Labor Director at SMA Solar Technology AG. Jürgen Reinert will take on overall responsibility for Technology.
“In the course of SMA’s transformation, we announced a considerable reduction in the number of executive positions at all hierarchy levels. Against this background, the Supervisory Board has decided to also restructure the SMA Managing Board and downsize it to four members. We are very sorry to see Lydia Sommer go and would like to thank her for her successful work in Finance, Legal and Compliance. Furthermore, she played a key role in reorganizing Human Resources and achieved enormous increases in efficiency by means of systematic process improvements. However, despite Lydia Sommer’s impressive work, the Supervisory Board believes that downsizing the Managing Board is the right step in light of SMA’s current development. As SMA Chief Financial Officer from 2009 to 2012, Pierre-Pascal Urbon has proven his outstanding expertise in the field of finance and has been responsible for Investor Relations ever since SMA’s IPO. Roland Grebe has extensive experience in the areas of human resources and IT, and he will also contribute his development knowledge to the future orientation of both the SMA Railway Technology subsidiary and SMA Sunbelt Energy GmbH. As an experienced Board Member for Technology, Jürgen Reinert will also focus on maintaining SMA’s strength in innovation and technological leadership in the future,” said Dr. Erik Ehrentraut, who was elected the new Chairman of the Supervisory Board on February 11, 2015.
As of March 1, 2015, the Managing Board of SMA Solar Technology AG will comprise the following members: Roland Grebe (Human Resources and IT), Martin Kinne (Sales and Service), Dr.-Ing. Jürgen Reinert (Technology), Pierre-Pascal Urbon (Chief Executive Officer, Strategy and Finance).
About SMA
The SMA Group with expected sales of more than EUR790 million in 2014 is the global market leader for solar inverters, a key component of all PV plants and, as an energy management group, offers innovative key technologies for future power supply structures. It is headquartered in Niestetal, near Kassel, Germany, and is represented in 21 countries. The Group employs more than 5,000 people worldwide. SMA’s broad product portfolio includes a compatible inverter for every type of module on the market and for all PV system sizes. The product range includes system technologies for grid-connected photovoltaic systems as well as off-grid and hybrid systems. The service portfolio is supplemented by comprehensive services and operational management of large-scale PV power plants. Since 2008, the Group’s parent company, SMA Solar Technology AG, has been listed on the Prime Standard of the Frankfurt Stock Exchange (S92) and also in the TecDAX index.
SMA Solar Technology AG
Sonnenallee 1
34266 Niestetal
Germany
Head of Corporate Communications:
Anja Jasper
Tel.: +49 561 9522-2805
Press contact:
Susanne Henkel
Manager Corporate Press
Tel.: +49 561 9522-1124
Fax +49 561 9522-421400
Investor Relations contact:
Julia Rother
Manager Investor Relations
Tel. +49 561 9522-2222
Fax +49 561 9522-2223
Disclaimer:
This corporate news serves only as information and does not constitute an offer or invitation to subscribe for, acquire, hold or sell any securities of SMA Solar Technology AG (the “Company”) or any present or future subsidiary of the Company (together with the Company, the “SMA Group”) nor should it form the basis of, or be relied upon in connection with, any contract to purchase or subscribe for any securities in the Company or any member of the SMA Group or commitment whatsoever. Securities may not be offered or sold in the United States of America absent registration or an exemption from registration under the U.S. Securities Act of 1933, as amended.
This corporate news can contain future-oriented statements. Future-oriented statements are statements which do not describe facts of the past. They also include statements about our assumptions and expectations. These statements are based on plans, estimations and forecasts which the Managing Board of SMA Solar Technology AG (SMA or company) has available at this time. Future-oriented statements are therefore only valid on the day on which they are made. Future-oriented statements by nature contain risks and elements of uncertainty. Various known and unknown risks, uncertainties and other factors can lead to considerable differences between the actual results, the financial position, the development or the performance of the corporation and the estimates given here. These factors include those which SMA has discussed in published reports. These reports are available on the SMA website at www.SMA.de. The company accepts no obligation whatsoever to update these future-oriented statements or to adjust them to future events or developments.
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| Language: | English |
| Company: | SMA Solar Technology AG |
| Sonnenallee 1 | |
| 34266 Niestetal | |
| Germany | |
| Phone: | +49 (0)561 / 9522 – 0 |
| Fax: | +49 (0)561 / 9522 – 100 |
| E-mail: | [email protected] |
| Internet: | http://www.sma.de |
| ISIN: | DE000A0DJ6J9 |
| WKN: | A0DJ6J |
| Listed: | Regulierter Markt in Frankfurt (Prime Standard); Freiverkehr in Berlin, Düsseldorf, München, Stuttgart |
| End of News | DGAP News-Service |
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| 322229 2015-02-11 |
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